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The euro experienced a decline in Asian trade following the results of the French legislative elections, which saw the left-wing New Popular Front emerge as the largest bloc in the new National Assembly.
This outcome has raised concerns among investors about potential increases in government spending and deepening deficits. Despite the political uncertainty, Asian shares saw a slight increase, with Taiwan Semiconductor Manufacturing contributing to the rise of the region’s benchmark equities index. Meanwhile, the U.S. dollar remained steady after the release of the U.S. jobs data.
The election results also led to unrest in Paris, with far-left groups celebrating their victory by clashing with police.
More details related to the outcome of the French election:
Leftists are rioting in France after they won the election. Imagine what would they have done if they actually lost?
Reminder: Leftists are the second biggest threat to a nation after radical lsIamists! pic.twitter.com/32D8iEphGh
— BALA (@erbmjha) July 8, 2024
9.3 million voted RN (“far-right”) today.
5.1 million voted NFP (socialist) today.The people of France wanted a right-wing government to put France first.
Instead, they’re getting the opposite.
— End Wokeness (@EndWokeness) July 7, 2024
In a panic over the rise of the “far right”
the idiot French just literally elected the communistshttps://t.co/LeZboYbXC6
— Dr Jordan B Peterson (@jordanbpeterson) July 7, 2024
